Site Mobile Navigation

COMPANY NEWS; Medtronic to Join With Bio-Medicus

This is a digitized version of an article from The Times’s print archive, before the start of online publication in 1996.
To preserve these articles as they originally appeared, The Times does not alter, edit or update them.

Occasionally the digitization process introduces transcription errors or other problems.
Please send reports of such problems to archive_feedback@nytimes.com.

Medtronic Inc. and Bio-Medicus Inc. agreed to merge in a transaction that would swap 3.1 shares of Bio-Medicus's common stock for each share of Metronic stock. The agreement calls for Medtronic stock to be priced between $77.50 and $92 a share at the time of the merger. Its shares dropped $3.375 today, to $76.25, on the New York Stock Exchange. Bio-Medicus rose 62.5 cents, to $23.75, in over-the-counter trading.

A version of this article appears in print on June 9, 1990, on Page 1001033 of the National edition with the headline: COMPANY NEWS; Medtronic to Join With Bio-Medicus. Order Reprints|Today's Paper|Subscribe